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The term ____________ refers to the percentage share of a firm's total sales in the market.

A. market share
B. concentration ratio
C. total market ratio
D. market cap

1 Answer

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The correct answer is A. market share.

The term "market share" refers to the percentage share of a firm's total sales in the market. It is a measure of the firm's relative position in the market and is often used to evaluate its competitive strength. The calculation of market share typically involves dividing the firm's sales by the total sales in the market, either in terms of units or revenue. The result is expressed as a percentage and represents the firm's market share.
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